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Maria Veronica
María is 37 years old and lives happily with her husband and children. She is very grateful for her loving, tight-knit family. María is an entrepreneurial woman who works very hard to provide for her children and give them the best future possible. She makes a living traveling around selling men's and women's clothing, including blouses, pants, dresses, shirts, shoes, etc. With lots of charisma and perseverance, María is usually able to sell her entire stock of merchandise each month.

María's current project is to add another room onto her house so she can store her clothing merchandise in it. She plans to use the support from this loan to purchase building materials for the new room, and she promises to make all scheduled repayments on time. She hopes this investment will help improve her family's quality of life.
View original language description ↓
María de 37 años de edad, vive felizmente junto a su esposo y sus hijos. Una mujer muy afortunada de tener la familia que tiene ya que es muy distinguida por unida y trabajadora. María es muy emprendedora siempre se ha caracterizado por dar lo mejor de si por ella y sus hijos con esfuerzos los mantiene estudiado y aunque se le haga difícil siempre vela porque nunca les falte nada. Ella se dedica al comercio de forma ambulante, de ropa como blusas, pantalones, vestidos, camisas y calzado para hombre y mujer tiene forma de vender y es pos eso que siempre nunca se queda con mercadería pues mantiene precios estables y el carisma que la hace sobre salir de las demás. María desea mejorar su vivienda comprando lamina para ponerlo de techo y así mismo cerrar un cuarto que lo utiliza como bodega para guardar su mercadería es por eso que solicito a FUSAI un préstamo y cuenta con la satisfacción de pagarlos en el menor tiempo posible así ella se vera beneficiada mejorando lo que tanto desea para sus hijos.

Additional Information

More information about this loan

This loan will be administered by FUSAI (Salvadoran Foundation for Comprehensive Development), a Salvadoran NGO that owns Kiva partner Apoyo Integral. FUSAI will disburse this loan in order to reach a population that doesn't currently work with Apoyo Integral. This type of loan covers basic services (like housing and water), and supports small business and agricultural activities. Borrowers come from low-income families in rural and peri-urban communities, and are considered to be too poor or lack the proper guarantees to get credit through traditional banks or microfinance institutions. Before receiving their loans, they are vetted by local community organizations and enrolled in classes in financial literacy, and the importance of sanitation, potable water and clean energy. Additionally, FUSAI enables borrowers to guarantee one another and take out loans smaller than El Salvador's average. Important to note is El Salvador is considered one of the most dangerous countries in the world, holding the 2nd place in the ranking of murders per capita. All these FUSAI borrowers live in areas considered by the police as highly violent and dangerous, mainly because of gangs influence. Main risks they face in these areas are thefts, extortions, kidnappings and murders.

About Apoyo Integral

Apoyo Integral (Apoyo) is a nonprofit organization offering financial products that enable clients to increase their working capital, purchase fixed assets, buy and remodel homes, expand agricultural business and more. The organization’s target group is businessmen and women who have already established their businesses but need financial support to strengthen or expand them.

Like Kiva, Apoyo is committed to empowering women involved in business activities in rural areas. Kiva lenders’ funds will be used to expand these services to an even greater number of poor clients in rural areas.

About Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About El Salvador

  • $4,900
    Average annual income
  • 512
    View loans »
    El Salvador Loans Fundraising
  • $23,459,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Maria Veronica to purchase building materials and add a room onto her house for storing her merchandise.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 23, 2013
Listed
Aug 26, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 25, 2013